(1) At least once a year, an authority shall file with the clerk, with a copy given to the governing body, a report containing:
(a) its activities for the preceding year;
(b) its approved annual budget; and
(c) recommendations for legislation or other action considered necessary to carry out the purposes of this part.
(2) An authority shall post electronically for public review its:
(a) annual approved budget; and
(b) minutes of all open meetings held by its board of commissioners.